Insider Selling: Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Sells $21,585.00 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 500 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $43.17, for a total transaction of $21,585.00. Following the completion of the transaction, the director directly owned 35,400 shares of the company’s stock, valued at approximately $1,528,218. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Peoples Bancorp of North Carolina Trading Down 0.2%

Shares of PEBK opened at $43.34 on Thursday. The stock has a market capitalization of $236.64 million, a PE ratio of 11.91 and a beta of 0.29. The company’s fifty day moving average is $42.79 and its 200 day moving average is $40.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $26.81 and a fifty-two week high of $45.78.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings data on Monday, July 20th. The bank reported $0.96 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.25% and a return on equity of 12.88%. The business had revenue of $23.11 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, June 3rd were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 23.08%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp of North Carolina in a research report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

A number of institutional investors and hedge funds have recently modified their holdings of PEBK. AQR Capital Management LLC bought a new position in shares of Peoples Bancorp of North Carolina in the fourth quarter worth about $249,000. Wells Fargo & Company MN lifted its holdings in Peoples Bancorp of North Carolina by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,725 shares of the bank’s stock valued at $171,000 after buying an additional 1,495 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Peoples Bancorp of North Carolina during the 4th quarter valued at about $88,000. Raymond James Financial Inc. purchased a new stake in Peoples Bancorp of North Carolina in the 2nd quarter valued at about $63,000. Finally, BNP Paribas Financial Markets boosted its position in Peoples Bancorp of North Carolina by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank’s stock valued at $49,000 after buying an additional 351 shares during the period. 43.83% of the stock is owned by institutional investors.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.